Any Unrealized Gains or Losses on Trading Securities Would Have

question 31

True/False

Any unrealized gains or losses on trading securities would have to be added back to or deducted from net earnings on the statement of cash flows under the indirect method of determining cash flows from operating activities.

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Definitions:

Long-term Plans

Strategic plans or goals set by a business intended to be achieved over a lengthy period, often spanning several years.

Budget Operation

The process of preparing, implementing, and monitoring a financial plan for an organization's activities and financial performance.

Accounting Department

A division within a company that handles financial reporting, bookkeeping, payroll, and other financial-related activities.

External Parties

Individuals or entities outside of a company that have an interest in its activities, such as suppliers, customers, or regulators.